REGISTERED NUMBER: 12211649 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THUNDERCIPHER LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

89,213

42,709

CURRENT ASSETS

Debtors

5

160,095

210,922

Cash at bank and in hand

8,446

28,855

168,541

239,777

CREDITORS

Amounts falling due within one year

6

239,206

232,905

NET CURRENT (LIABILITIES)/ASSETS

(70,665

)

6,872

TOTAL ASSETS LESS CURRENT LIABILITIES

18,548

49,581

PROVISIONS FOR LIABILITIES

16,950

8,905

NET ASSETS

1,598

40,676

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

1,596

40,674

SHAREHOLDERS' FUNDS

1,598

40,676

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

I Kinash - Director

1.	STATUTORY INFORMATION

Thundercipher Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12211649

Registered office:

71-75 Shelton Street

London

WC2H 9JQ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2023

4,298

56,970

61,268

Additions

683

68,126

68,809

At 30 September 2024

4,981

125,096

130,077

DEPRECIATION

At 1 October 2023

1,496

17,063

18,559

Charge for year

697

21,608

22,305

At 30 September 2024

2,193

38,671

40,864

NET BOOK VALUE

At 30 September 2024

2,788

86,425

89,213

At 30 September 2023

2,802

39,907

42,709

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

36,620

36,620

Other debtors

110,995

161,822

147,615

198,442

Amounts falling due after more than one year:

Other debtors

12,480

12,480

Aggregate amounts

160,095

210,922

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,600

-

Amounts owed to connected undertakings

174,276

172,318

Taxation and social security

58,130

57,047

Other creditors

3,200

3,540

239,206

232,905

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

8.	RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

2024

2023

£

£

Amounts owed by/(to) M Dudarev (Director)

41,740

51,612

Amounts owed by/(to) I Kinash (Director)

47,153

56,893

Amounts owed by/(to) Licel UK Limited (Connected Undertaking)

(3,422

)

(1,602

)

Amounts owed by/(to) Licel Corporation (Connected Undertaking)

(170,854

)

(170,716

)

Interest is charged on the amount owed by the Directors at the official HMRC rate

The balances owed to Connected Undertakings relate to interest free loans repayable on demand with no fixed repayment terms.

Connected Undertakings:

A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.